Republic Industries Plans Charge
For Start-Up Costs at Subsidiary

Republic Industries Inc. said it will take a one-time fourth-quarter charge of $100 million to $150 million because of start-up costs for its AutoNation USA subsidiary.

Although the charge, which the company says will be offset by the sale of Republic's electronic security business, isn't expected to have a material impact on per-share profit estimates for the quarter or the year, some analysts say it shows how difficult it will be...